First Home Owners Grant

The first home owner’s grant has been boosted from $15,000 to $20,000 starting on the 1st July 2016.

So if you’re thinking of buying or building a new home, this could be what gets you started.

While $20,000 is a substantial gift to first homebuyers struggling to get a foothold in the ladder, it’s only available to those who purchase a newly constructed home and has been extended until 30th June 2018.

To be eligible for the grant:

You must be an Australian citizen or permanent resident (or applying with someone who is).

You or your spouse must not have previously owned property in Australia.

You must be at least 18 years of age.

You must be buying or building a brand new home, valued under $750,000.

Note: The $20,000 Queensland First Home Owners’ Grant is not available to contracts that replace previous contracts entered into before 1 July 2016.